Analyst: It's Too Early to Talk About a Bull Market; Bitcoin Temporarily Struggles to Reclaim the Key Resistance Zone of $95,000-$96,000
2026-01-07 16:48
Odaily News: Adam, a macro researcher at Greeks.live, posted on the X platform, stating that the decline since August last year and the two major liquidations in October and November have severely weakened the market. Bitcoin is temporarily struggling to reclaim the key resistance zone of $95,000-$96,000. On the other hand, with no significant improvement in various data indicators, it is premature to discuss a bull market. However, regarding options data, there has been a significant amount of large block purchases of call options recently, indicating clear signals of a price bottom.
